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Update news vietnam's gold market
Global gold prices have continuously hit new peaks, while domestic prices in Vietnam have heated up following international trends. The accumulation trend and a weakening USD are paving the way for gold prices to approach the VND190m per tael mark.
Gold prices surged, then fell steeply, leaving many investors who bought in at $7,700 per tael anxiously fearing heavy losses. Yet demand remained relentless, with people lining up from as early as 3 a.m. to buy gold.
Long queues and sold-out signs are back at gold shops across Vietnam as SJC prices surge to record highs, fanning both hope and fear among investors.
Gold prices have continued to hit new highs, delivering strong returns. However, selling gold to invest in real estate at this time requires careful consideration between profitability and long-term safety.
As part of urgent 2026 growth measures, the Prime Minister requests a comprehensive report on establishing a centralized gold exchange.
Gold prices continue to reach new historic highs, prompting residents in Ho Chi Minh City to queue from as early as 5am. Yet financial experts warn that buying gold at these levels carries significant risk and urge extreme caution.
Vietnam’s new 0.1% tax on gold bullion transfers is designed more as a management tool than a revenue measure.
In 2025, gold prices in Vietnam surged at an unprecedented pace, rising by over 81% and igniting mass buying frenzies.
The State Bank of Vietnam has received applications from nine banks and businesses seeking licenses to produce gold bars, signaling a shift toward liberalizing the gold market under new government regulations.
The dong/dollar exchange rate is cooling rapidly in the final days of 2025 as deposit interest rates are surging, with some banks offering rates above 8 percent per year.
Removing gold used for jewelry manufacture from the list of conditional business fields will help create a more open market, but policies need to be designed with a clear roadmap to ensure transparency and avoid market disruption, experts have said.
With global forces pushing gold down, analysts say a final dip may pave the way for a major rebound by mid-2026.
Global gold prices have risen 62 percent since the beginning of the year, but domestic prices have surged up to 84 percent. People rushing to buy gold are concerned that no gold will be left to purchase and investment opportunities may be missed.
Amid recent suggestions to carefully consider taxing gold bar transactions - particularly regarding tax rates and appropriate application methods - the Ministry of Finance has offered a detailed explanation.
Gold prices in Vietnam have surged 84% since the beginning of 2025, outpacing the 62% global rise and triggering a wave of panic buying across the country.
Without domestic gold mining and storage facilities, along with concerns about import quotas, Vietnam’s national gold exchange should be rolled out in a three-phase process, prioritizing physical gold trading before expanding to derivatives.
The inability to legally access imported gold through a clear policy mechanism has forced businesses to use unaccounted-for gold sources to maintain production and supply to the market.
Rising dollar and fading rate cut hopes send global gold markets into a testing period ahead of the Fed’s key policy meeting.
As gold prices in Vietnam climb past US$6,300 per tael, the government considers new tax measures and their broader market impact.
The Vietnam Association of Financial Investors (VAFI) has proposed that jewelry and gold bar trading be subject to a VAT under the deduction method with a tax rate of 10 percent.